Nav Jeevan Shree – 911

LIC Nav Jeevan Shree (Plan No. 911) is a high-value endowment life insurance plan designed to provide enhanced life cover along with attractive savings benefits. This plan is ideal for individuals seeking substantial financial protection, loyalty additions, and a strong maturity corpus through disciplined long-term savings.

• High Sum Assured: Designed for individuals seeking higher life cover.
• Endowment Plan: Combines life insurance protection with long-term savings.
• Loyalty Additions: Additional benefits payable at maturity as declared by LIC.
• Maturity Benefit: Attractive lump-sum payout on survival till maturity.
• Enhanced Death Benefit: Provides strong financial security to the family.
• Participating Plan: Eligible for bonuses as declared by LIC.
• Long-Term Wealth Creation: Helps build a sizeable financial corpus.
• Financial Discipline: Encourages systematic and regular savings.
• Tax Benefits: Eligible for tax benefits as per prevailing income tax laws.
• Trusted LIC Assurance: Backed by the reliability of Life Insurance Corporation of India.

Detailed Description

LIC Nav Jeevan Shree (Plan 911) is a premium endowment life insurance plan crafted for individuals who want comprehensive life protection along with long-term wealth creation. This plan is particularly suitable for high-income earners and professionals who wish to secure their family’s future while accumulating a substantial maturity benefit.

One of the key highlights of New Jeevan Shree is its enhanced life cover. In the unfortunate event of the policyholder’s death during the policy term, the nominee receives a higher death benefit, ensuring strong financial support for dependents. This makes the plan an excellent choice for individuals with significant financial responsibilities.

Along with protection, the plan offers attractive savings benefits. On survival till maturity, the policyholder receives a lump-sum maturity amount along with accrued bonuses and loyalty additions, if any. These additional benefits significantly enhance the overall return and help in achieving major financial goals such as retirement planning, children’s education, or asset creation.

New Jeevan Shree is a participating plan, which means it is eligible for bonuses declared by LIC from time to time. In addition, loyalty additions may be payable at maturity for policies with higher sum assured and longer durations, making this plan more rewarding for long-term policyholders.

The plan encourages disciplined savings through regular premium payments over the policy term. This structured approach helps individuals build wealth systematically without exposure to market risks, offering peace of mind and financial stability.

Another important advantage of New Jeevan Shree is its simplicity and transparency. The benefits are clearly defined, and there are no market-linked uncertainties. Policyholders can plan their finances confidently, knowing that the returns are stable and backed by LIC’s strong financial foundation.

From a tax perspective, premiums paid and benefits received under this plan may qualify for tax benefits as per the provisions of the Income Tax Act, subject to prevailing laws. This further enhances the overall value of the policy.

Overall, LIC Nav Jeevan Shree – 911 is an excellent choice for individuals seeking a high-value endowment plan that offers enhanced life cover, loyalty additions, and attractive maturity benefits. With the trust of LIC and a focus on long-term financial security, this plan helps policyholders achieve peace of mind and financial confidence.